What was the net income per share for Chicago Rivet & Machine Co. in 2020?

The net income per share for Chicago Rivet & Machine Co. in 2020 was $0.05.

Chicago Rivet & Machine Co. Announces Year-End Earnings

Chicago Rivet & Machine Co. (CVR) reported its audited results for 2020, showing a notable decline in performance compared to 2019.

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Rhea-AI Summary

Chicago Rivet & Machine Co. (CVR) reported its audited results for 2020, showing a notable decline in performance compared to 2019. Net sales fell to $27,590,653 from $32,873,002, while net income dropped significantly from $538,314 to $50,450. Income before income taxes also decreased to $65,450 from $683,314. The net income per share fell to $0.05, down from $0.56 in the previous year. The average shares outstanding remained constant at 966,132.

Positive

None.

Negative

Net sales decreased from $32,873,002 in 2019 to $27,590,653 in 2020.
Net income fell from $538,314 in 2019 to $50,450 in 2020.
Income before income taxes decreased from $683,314 in 2019 to $65,450 in 2020.
Net income per share dropped from $0.56 in 2019 to $0.05 in 2020.

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News Market Reaction – CVR

The recorded move for CVR in the trading session of this news was -1.33%.

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03/19/2021 - 04:45 PM EDT

NAPERVILLE, Ill., March 19, 2021 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced audited results for the year 2020 as summarized below:

CHICAGO RIVET & MACHINE CO. Summary of Consolidated Results of Operations For the Years Ended December 31
	2020	2019
Net sales	$27,590,653	$32,873,002
Income before income taxes	65,450	683,314
Net income	50,450	538,314
Net income per common share	.05	.56
Average common shares outstanding	966,132	966,132

View original content:http://www.prnewswire.com/news-releases/chicago-rivet--machine-co-announces-year-end-earnings-301251211.html

SOURCE Chicago Rivet & Machine Co.

FAQ

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What were Chicago Rivet & Machine Co.'s 2020 net sales?

Chicago Rivet & Machine Co. reported net sales of $27,590,653 for the year 2020.

How much did Chicago Rivet & Machine Co. earn in net income in 2020?

In 2020, Chicago Rivet & Machine Co. had a net income of $50,450.

What is the performance comparison of Chicago Rivet & Machine Co. between 2019 and 2020?

The performance of Chicago Rivet & Machine Co. saw significant declines in 2020 compared to 2019, with net sales and net income both decreasing sharply.

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